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YOU MUST SHOW ALL CALCULATIONS TO EARN CREDIT (insert rows where needed): 17. Errico Enterprises just paid a $8 per share annual dividend with the
| YOU MUST SHOW ALL CALCULATIONS TO EARN CREDIT (insert rows where needed): |
| 17. Errico Enterprises just paid a $8 per share annual dividend with the stated intention of increasing its dividends by 4% annually. You would | |||||||||
| like to purchase stock in this company but realize that you will not have the funds to do so for another 4 years. If you require a 16% annual rate | |||||||||
| of return, how much will you be willing to pay per share for the stock when you can afford to make this investment? | |||||||||
| 18. Apple Inc. recently paid a $3.30 annual dividend on its common stock, which is expected to increase at an average rate of 12% per year. | |||||||||
| If the stock is currently trading for $135 per share, what is its market rate of return? | |||||||||
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
